{"id":34465,"date":"2021-07-14T11:20:26","date_gmt":"2021-07-14T15:20:26","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=34465"},"modified":"2021-07-14T11:20:26","modified_gmt":"2021-07-14T15:20:26","slug":"housing-for-50-and-over-demographic-puts-focus-on-quality-more-than-size","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2021\/07\/housing-for-50-and-over-demographic-puts-focus-on-quality-more-than-size\/","title":{"rendered":"Housing For 50 And Over Demographic Puts Focus On Quality More Than Size"},"content":{"rendered":"
\"\"
The Glen at Highland Meadows in Queensbury typically has a waitlist for clients.
\u00a92021 SaratogaPhotographer.com<\/figcaption><\/figure>\n

By Susan Elise Campbell<\/p>\n

The 50-plus demographic looking to make their next move in housing is seeking specific amenities and they are willing to wait for and pay for what they want, accoding to those in the industry.<\/span><\/p>\n

At The Glen at Highland Meadows, there is typically a waitlist for the independent living arrangements that Eddy Senior Living offers, said Andrea Hebert, executive director of the Queensbury facility.<\/span><\/p>\n

\u201cThe particular size, location or layout of the apartment or cottage they like may not be available when they apply,\u201d said Hebert.<\/span><\/p>\n

But prospective residents can transition into that retirement community early by joining The Stoddard Club, by which Hebert said applicants can come for dinner and participate in social activities before they move in.<\/span><\/p>\n

Many individuals are taking more time and waiting longer to downsize or enter independent living, a trend that Hebert said is not local but national.<\/span><\/p>\n

\u201cThe population of seniors has increased as baby boomers continually age,\u201d she said. \u201cBut people are also healthier longer and more wellness-focused in general, even working longer. This is why we are building a new wellness center and pool, to focus on keeping our residents healthy and independent as long a possible.\u201d<\/span><\/p>\n

Now in its 20th year, The Glen markets its\u00a0 <\/span>services to seniors who are researching and making a decision about their next residence.<\/span><\/p>\n

Hebert said decisions have been driven more and more by their adult children.<\/span><\/p>\n

<\/span>She said some residents lived and worked in the Glens Falls area all their lives, some had long vacationed at nearby Lake George, and some have relocated to be closer to their children and their families.<\/span><\/p>\n

\u201cOur seniors want to have their children on board and agreeing on what is the best option,\u201d she said.<\/span><\/p>\n

Leaving a financial legacy may factor in. The Glen at Highland Meadows is an entrance fee-based community with a spectrum of rental options.<\/span><\/p>\n

\u201cTypically the fee is paid by the resident selling their home, all or part of which is refundable when leaving the community and depending on the pricing option selected,\u201d Hebert said. \u201cThe return of the entrance fee can contribute to their legacy.\u201d<\/span><\/p>\n

\u201cI work with many at different stages of the 50-plus demographic and they are an active group,\u201d said Cindy Quade, a broker with Signature One Realty in Malta.<\/span><\/p>\n

\u201cThey are looking to scale back on the size of their next home, but not the amenities,\u201d Quade said. \u201cSome don\u2019t mind even larger parcels as long as there is minimal maintenance to them.\u201d<\/span><\/p>\n

A single-family home that is maintenance free, and ideally on one level, is the market that her clients are looking for but that is under-served, according to Quade.<\/span><\/p>\n

\u201cNew construction is designed for the traditional growing family, and seniors do want new construction,\u201d she said. \u201cAt the same time, they do not want to sacrifice one-level living and low maintenance, which is more important to them than square footage.\u201d<\/span><\/p>\n

\u201cAs far as amenities, they want granite countertops, fireplaces,\u00a0 <\/span>hardwood floors and a neighborhood,\u201d said Quade. \u201cThere are some unique neighborhoods in Ballston Spa with a community, clubhouse and pool, but it is difficult to get it all.\u201d<\/span><\/p>\n

A typical neighborhood today has one acre to one-and-a-half-acre lots, which can appeal to an empty nester, she said<\/span><\/p>\n

Land is at a premium in this part of the country and prices are driven in part by low supply, Quade said her senior clients are willing to pay for the upgrades of new construction now rather than remodel and pay later.<\/span><\/p>\n

\u201cMost don\u2019t want the hassle of renovating, they just want everything new,\u201d she said. \u201cBut no matter the budget, it\u2019s about compromise, and seniors are smart about shopping and pursuing what matters the most for them.\u201d<\/span><\/p>\n

\u201cEach year it becomes a more pressing situation for seniors to find the place where they can free themselves up,\u201d she said. \u201cThey have an active lifestyle, they love to travel, but they want to scale back time spent on upkeep in favor of other activities.\u201d<\/span><\/p>\n

\u201cThe residents at The Glen enjoy their active lifestyle and when they travel, it gives them comfort to know their home is looked after 24\/7,\u201d said Hebert. \u201cAll the upkeep is taken care of, including clearing snow off their cars and walkways, and checking in on their rooms or cottage.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Susan Elise Campbell The 50-plus demographic looking to make their next move in housing is seeking specific amenities and they are willing to wait for and pay for what they want, accoding to those in the industry. At The Glen at Highland Meadows, there is typically a waitlist for the independent living arrangements that […]<\/p>\n","protected":false},"author":89,"featured_media":34466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-34465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-50-plus"],"yoast_head":"\r\nHousing For 50 And Over Demographic Puts Focus On Quality More Than Size - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2021\/07\/housing-for-50-and-over-demographic-puts-focus-on-quality-more-than-size\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Housing For 50 And Over Demographic Puts Focus On Quality More Than Size - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Susan Elise Campbell The 50-plus demographic looking to make their next move in housing is seeking specific amenities and they are willing to wait for and pay for what they want, accoding to those in the industry. 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